Investors who can afford to make a foray into the vacation market are labeling conditions as “the perfect storm” at the moment – low mortgage rates, falling values and increased affordability – all of this is providing a growing number of opportunities for those in the market for a second home.
Vacation Homeowners Turn to the Rental Market
May 17, 2011 by
When Karen Logan received zero offers on her Lake Tahoe home last year, she decided it might be a better idea to rent it out instead. “I’m retired, living on benefits, so I need the extra income,” she told us. Logan’s 3-bedroom lakeside home now rakes in $1,800 each month, and sometimes $1,200 per week […]
Second Home Buyers: Read This B4U Buy
April 9, 2011 by
With home prices still falling, there has never been a better time to buy a second home for those who can afford to take the plunge. Today, we offer some advice on a few things you should know before you go jumping into any deal.
